1. Models are Right + Action = huge spending on energy but we save the planet
2. Models are wrong + Action = huge spending on energy that otherwise would be spent on defense, etc. but we are left with a renewable energy infrastructure.
3. Models are wrong + inaction = little money spent on new power sources, left with fossil fuel-based infrastructure. When fossil fuels run out in 100-200 years, have to build renewable infrastructure to replace it.
4. Models are right + inaction = little money spent on new power sources, left with fossil fuel-based infrastructure. When fossil fuels run out in 100-200 years, have to build renewable infrastructure to replace it. Also, dramatic weather changes, widespread famine, etc.
Does inaction make sense even if the models are wrong?
Ah, yes, like we do now, with the oil companies.